Mumbai: Go Airlines (India) Ltd (GoAir), India's fifth-biggest carrier by passengers travelled, is considering an initial public offering (IPO) and has begun talks to appoint bankers, three sources directly involved in the process said.
GoAir, part of the Wadia Group whose flagship companies include Bombay Dyeing and biscuit maker Britannia Industries, could look to raise as much as $150 million (Rs 976.05 crore) in the IPO, said the sources, who declined to be named.
Bankers made presentations to the company earlier this week, the people said, adding that it was early to say whether the company would sell new shares or existing shareholders will reduce their stakes in the planned public offering.
29/10/15 Reuters/Daily News & Analysis
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GoAir, part of the Wadia Group whose flagship companies include Bombay Dyeing and biscuit maker Britannia Industries, could look to raise as much as $150 million (Rs 976.05 crore) in the IPO, said the sources, who declined to be named.
Bankers made presentations to the company earlier this week, the people said, adding that it was early to say whether the company would sell new shares or existing shareholders will reduce their stakes in the planned public offering.
29/10/15 Reuters/Daily News & Analysis
